Square Yards, a real estate services firm in India, raises ₹900 crore as it prepares for an initial public offering (IPO) and crosses the valuation threshold to become a unicorn, according to multiple reports. The funding is reported at a valuation of more than $1 billion. Outlets describe the capital raise as a mix of approximately one-third equity and two-thirds debt. Square Yards’ leadership links the raise to plans for market expansion and investment in technology as the company gears up for the IPO. The Hindu cites company commentary that the funding will help accelerate expansion, deepen technological capabilities, and continue delivering value to customers and stakeholders while preparing for the public listing. NDTV similarly notes the structure of the funding and the resulting unicorn status tied to the valuation figure. Times of India reports the same overall outcome: Square Yards turns unicorn following the ₹900 crore fundraise and looks toward an IPO. Across sources, the key common elements are the amount raised, the valuation level, the funding composition, and the company’s stated intent to use the capital in its IPO preparations and growth plans.